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Bulls & Bears
This past week's Bulls & Bears: Gary B. Smith, Exemplar Capital managing partner; Pat Dorsey, Morningstar.com director of stock research; Tobin Smith, ChangeWave Research editor; Scott Bleier, HybridInvestors.com president, and Patricia Powell, Powell Financial Group president.
Trading Pit: National Health Care: Breeding Ground For Terrorists?
More horrifying revelations about the U.K. doctors behind that deadly terror plot. Apparently, they wanted to come here next!
Some say because Britain's socialized health care system pays so little, they had to bring in a flood of foreign doctors to support the system, allowing these MD's into the country?
Would America expose itself to the same kind of plot if we adopted socialized medicine?
TOBIN: State run health care makes physicians civil servants. Who in this country would want to come out of medical school three hundred thousand dollars in debt to become a "civil servant"! This would make us import our physicians. Islamic cultures are outstanding at producing physicians. But don't kid yourself, national health care would never happen here because it would be a financial disaster.
SCOTT: One out of four doctors is foreign born. Almost 45 percent of all health care workers are foreign born. Terrorists have squandered the use of doctors. We now know that terrorists are recruiting doctors. The real worry about socialized medicine is that the quality of health care goes way down.
GARY B.: A lot of people working in the medical profession have come from outside the country. This was before al Qaeda was targeting professionals. Almost 50 percent of the UK's medical personnel have come from other countries. I don't see how this can't be a breeding ground for terrorists.
PATRICIA: Terrorism is one thing and national health care is something else. When you fuse the two arguments, you become counterproductive. The British have the same problem we have! They have a careless and confused immigration policy. If they were letting in ditch diggers, Al Qaeda would be recruiting ditch diggers. The problem is not doctors, the problem is Al Qaeda.
PAT: At the moment, we spend two times per capita on health care relative to Canada or the UK. Yet we have higher infant mortality rates, lower life expectancy, and a much higher prevalence of diabetes and heart disease. We are more unhealthy, yet we spend more. Socialized health care may not be the answer, but it doesn't look like it's the problem.
Will Bill Clinton Win Over Wall Street for Hillary?
Bill Clinton joining Hillary on the campaign trail. He was a rock star to corporate America. Could this be Hillary's bid to win over Wall Street?
PATRICIA: Absolutely! The stock market was spectacular during the 90s and people are going to remember that. Hillary has a guy that can talk to Wall Street and also raise money there. After all, this election is going to be a lot about money!
GARY B.: Voters are smart enough to know that they are not electing Bill Clinton. Hillary is the biggest lefty since Sandy Koufax! She's going to be terrible for big business and Wall Street knows that. They could care less that Bill is married to her.
TOBIN: Bill Clinton's ties are in Wall Street. He's going to call in every favor! It's not so much his charm… it's payback!
SCOTT: Wall Street knows that Bill is charming, but it's not going to be him raising money for Hillary, it will be her. The market performance in the 90s was not due to Bill. It was Newt and tax cuts! You can say all you want about his charm, but he is not responsible for Wall Street's gains, and Wall Street knows that.
PAT: People have a visceral reaction to Hillary Clinton — both those who support her and those who don't support her. It's a pragmatic decision by Wall Street. She, by far, is not the most liberal in the Democratic field. She's actually the most centrist! And I would not be surprised if people on the street are hedging their bets, with thought that if a Democrat is going to get elected, she is the least liberal of the bunch.